The market has reached near to its previous ‘Gann Square’ Breakout Range, so over here, we may see some bounce. As this range previously acted as the vital energy point for the present upswing.
If Nifty breaks & hold below 12150-12130 range, then we can expect the down move towards 12065/11990 range.
On the upper side, 12250 will act resistance above that we can see the move towards 12300/12380 levels.